Submitting a fast loan without checking its credit history, is it possible? May be. The key is to make smart choices, where you will apply for a loan.
A quick loan without BI checking will certainly help you a lot when you need money for urgent needs that you might not borrow from a bank. Especially if you have a credit record with a historical reputation for bad debt.
The credit record is a record of credit reputation recorded in the bank debtor information system, commonly called BI Checking. Banks as lenders or lenders will always calculate the risk of each loan disbursed to a debtor. If a prospective debtor is judged to have the ability to pay bills, the bank will gladly provide a loan. Conversely, if someone is judged to have no financial ability, the bank will not provide a loan.
Thus, BI checking has a big role in determining whether a person’s loan loan application will be approved or not. This policy certainly makes it difficult for customers who have BI bad checking, but want to apply for loan funds in an emergency situation.
So, what if we are in need of an urgent loan but have a record of non-performing loans?
Where can we get a loan?
Actually there are still ways that you can get a loan even though your credit record at BI Checking is problematic. For example, by applying for loans in smaller grades, or looking for loans to non-bank institutions, and so on.
Especially nowadays many non-bank financial institutions offer fast loans or cash funds, for example, to financial technology companies that provide loans with lighter conditions. Usually, loans provided by technology finance companies are in the form of Peer to Peer Lending (P2P Lending) or regular online loans.
In addition to the online loan system, you can also apply for loans with Personal Loan (KTA) that suits your needs. You can also consider other options to get fresh funds with a mortgage system, which is pawning valuables that you have. For example, mortgage vehicles, gold pawns, or pawns of expensive items such as gadgets.
For those of you who finally chose to borrow from this BI checking loan service, make sure you borrow it from a non-bank financial institution that has been registered with the OJK. Even though it is trapped again, do not ask for a fund request to a non-trustworthy loan service.
Remember, always choose the lowest-cost loan and measure the repayment ability. Don’t let you open a new problem by piling up a loan that you can’t afford to pay.